Business Insider previously reported that N26 is building a banking product for US customers in the first half of 2019 and is partnering with an unnamed American bank for its offering. The company is aiming to launch a banking app that offers an aggregation of services provided by popular financial apps, like Venmo, Zelle, Mint, and a bank account.

N26 is also looking to launch in other markets after the US, Kopp said. The company has a long-term goal of becoming a global bank and aims to serve 100 million users over the coming years, he said.

Launched in January 2015, N26 currently operates in 24 European markets and has tripled its active users to 2.3 million over last year. The company has over 700 employees and has opened a New York office that houses 25 to 30 employees, Kopp said.